NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP; the "Company" or “FTAI Infrastructure”) plans to announce its financial results for the fourth quarter and full year 2024 after the closing of Nasdaq on Thursday, February 27, 2025. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.fipinc.com/. In addition, management will host a conference call on Friday, February 28, 2025, at 8:00 A.M ...

The UK body scrub market is experiencing growth driven by rising consumer interest in skincare and self-care routines. A significant factor contributing to this expansion is the increasing preference for natural and sustainable beauty products. Furthermore, the presence of key companies actively innovating and marketing within this space is bolstering the market's development.NEWARK, Del, Jan. 23, 2025 (GLOBE NEWSWIRE) -- The global body scrub market is poised for significant growth over the next decade, dr ...

The global dry type transformer market size was valued at USD 7.07 billion in 2024 and is projected to reach from USD 7.49 Billion in 2025 to USD 11.90 billion by 2033, growing at a CAGR of 5.95% during the forecast period (2025-2033).New York, United States, Jan. 23, 2025 (GLOBE NEWSWIRE) -- A dry type transformer is one that is constructed using comparatively modern technology and uses forced or natural air cooling in place of oil cooling. Unlike liquid-fill transformers that require oil or liquid to cool ...

Market Overview - The wool insulation market is projected to reach USD 4.47 billion by 2032, driven by increasing awareness of the health benefits of natural materials in construction [1] - Wool insulation is gaining popularity due to its ability to regulate humidity and improve indoor air quality, particularly in markets prioritizing wellness and indoor environmental quality [1] Segment Analysis - The mineral wool insulation segment, including glass wool and rock wool, was valued at USD 2.28 billion in 2023 and is expected to grow at a CAGR of 4.6% from 2024 to 2032 [2] - Mineral wool insulation is preferred for its exceptional thermal performance, making it a popular choice in both residential and commercial construction [2] Residential Sector - The residential sector dominated the wool insulation market in 2023, accounting for a 57% share, and is forecast to grow at a CAGR of 4.7% from 2024 to 2032 [3] - Wool insulation's natural ability to control moisture and prevent mold growth makes it ideal for homeowners seeking comfort and health benefits [3] - Retrofitting older homes to improve insulation is gaining momentum, driving demand for wool insulation in residential applications [3] Regional Analysis - The U.S. wool insulation market generated USD 635 million in 2023 and is set to grow at a CAGR of 4.6% from 2024 to 2032 [4] - The popularity of wool insulation in the U.S. is driven by its hypoallergenic properties and ability to regulate moisture, contributing to improved indoor air quality [4] - The focus on health-conscious construction and an increase in home renovations are significant factors driving the market's growth in the U.S. [4] Industry Ecosystem - The industry ecosystem analysis includes factors affecting the value chain, profit margin analysis, disruptions, and future outlook [10] - Key growth drivers include building and construction growth, sustainability, and eco-friendly trends, while cost concerns remain a challenge [10] - The supplier landscape, regulatory environment, and impact forces such as growth potential analysis, Porter's analysis, and PESTEL analysis are also covered [10]

Financial Performance - Net income for Q4 2024 was $24.5 million, or $0.79 per diluted share, compared to $27.9 million, or $0.90 per diluted share in the previous quarter [6][9] - Core net income for Q4 2024 was $28.0 million, or $0.90 per diluted share, flat compared to the previous quarter [6][10] - Full year 2024 net income was $106.4 million, or $3.44 per diluted share, a 20.9% increase from 2023 [7] - Core net income for full year 2024 was $107.8 million, or $3.48 per diluted share, a 19.1% increase from 2023 [7] Deposits and Liquidity - Total deposits decreased by $414.0 million (5.5%) to $7.2 billion in Q4 2024, driven by political deposit outflows [6] - Political deposits decreased by $992.3 million to $969.6 million in Q4 2024 [6] - Off-balance sheet deposits peaked at $1.3 billion during Q4 2024 but ended the quarter at zero [6] - Cash and borrowing capacity totaled $3.2 billion, covering 86% of total uninsured deposits [6] Loans and Credit Quality - Net loans receivable increased by $126.4 million (2.8%) to $4.6 billion in Q4 2024 [6] - Total multifamily and commercial real estate loan portfolio was $1.8 billion, representing 201% of total risk-based capital [6] - Nonperforming assets decreased by $2.7 million to $25.9 million (0.31% of total assets) in Q4 2024 [21] - Allowance for credit losses on loans decreased by $1.4 million to $60.1 million (1.29% of total loans) in Q4 2024 [22] Capital and Returns - Common Equity Tier 1 Capital Ratio improved to 13.90% in Q4 2024, up from 13.82% in Q3 2024 [24] - Tangible common equity ratio improved to 8.41% in Q4 2024, marking the ninth consecutive quarter of improvement [6] - Tangible book value per share increased by $0.31 (1.4%) to $22.60 in Q4 2024 [6] - Core return on average tangible common equity was 16.13% in Q4 2024 [6] Net Interest Margin and Income - Net interest margin expanded by 8 basis points to 3.59% in Q4 2024 [6] - Net interest income grew by $1.0 million (1.4%) to $73.1 million in Q4 2024 [6] - Loan interest income increased by $3.9 million in Q4 2024, driven by a $126.2 million increase in average loan balances [11] - Interest expense on total interest-bearing deposits decreased by $1.5 million in Q4 2024, primarily due to a 39 basis point decrease in cost [11] Share Repurchase and Dividends - Repurchased approximately 25,000 shares, or $0.8 million of common stock in Q4 2024 under the $40 million share repurchase program [4] - $18.7 million of remaining capacity under the share repurchase program as of Q4 2024 [4] - Paid $3.7 million in dividends at $0.12 per outstanding share in Q4 2024 [24]

FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Name of exempt principal trader:Shore Capital Stockbrokers Ltd(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offereeBrand Architekts Group plc(c) Name of the party to the offer with which exempt principal trader is conne ...

You may not know that nearly 60% of China’s high-speed trains come from the "bullet train town" in Chengyang District, Qingdao BEIJING, Jan. 23, 2025 (GLOBE NEWSWIRE) -- China News Network has launched a new video showcasing the global reach and technological advancements of China's high-speed rail industry. The video highlights the growing influence of Qingdao’s Chengyang District, home to China’s leading high-speed rail manufacturing hub, and its significant contribution to the global transport se ...

HONG KONG, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Global cryptocurrency exchange CoinEx has officially unveiled its new brand slogan: “CoinEx: Your Crypto Trading Expert”. Its rebranding marks a significant transition in CoinEx’s strategy, from lowering the learning threshold to providing professional support. It also aims to deliver more comprehensive and first-rate services to help users thrive in an increasingly complex and evolving crypto market. Since its establishment in 2017, CoinEx has been dedicated to ...

The global glass manufacturing market Size was valued at USD 235.8 billion in 2024 and is projected to grow from USD 237.1 billion in 2025 to reach USD 248.8 billion by 2033, exhibiting a CAGR of 5.4% during the forecast period (2025-2033).New York, United States, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Glass manufacturing involves several key stages, including batching, melting, fining, forming, and annealing/finishing. The primary raw material is silica from sand, combined with other materials such as limestone ...

Top findings in DCG’s leading semiannual report, produced in partnership with Kaiser Associates, include:The market for trucks in the U.S. has peakedHybrid and electric vehicles will continue their climb Korean brands will be the story of 2025 Technology is the new automotive growth engine, reigniting customer excitement, making smart dealers more efficient and profitableNationalistic moves globally will upend the automotive competitive landscape NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) -- The U.S. auto ind ...